Loading…
Ethanol, biotech, corn, sorghum and biofuel groups issued a joint statement after the D.C. Circuit heard oral arguments on challenges to EPA's 2014-2016 Renewable Volume Obligations.
The groups argued the EPA targets were legally indefensible and that carryover RINs should count toward compliance.
The case could force EPA to raise future biofuel volume targets, which would increase demand for corn-based ethanol and soybean oil. No ruling has been issued, so the price effect is limited for now.
fuelsmarketnews.comAbout The AuthorApr 25, 2017After 318 past bullish policy events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 842 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
